Balfour Beatty plc (LON:BBY – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 738.79 and traded as high as GBX 855.50. Balfour Beatty shares last traded at GBX 836.50, with a volume of 1,903,363 shares traded.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank increased their target price on Balfour Beatty from GBX 800 to GBX 870 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Balfour Beatty presently has a consensus rating of “Buy” and a consensus target price of GBX 792.50.
View Our Latest Analysis on Balfour Beatty
Balfour Beatty Stock Performance
Balfour Beatty (LON:BBY – Get Free Report) last released its quarterly earnings results on Wednesday, March 11th. The company reported GBX 47.60 EPS for the quarter. Balfour Beatty had a return on equity of 23.73% and a net margin of 2.77%. On average, research analysts anticipate that Balfour Beatty plc will post 43.3100698 earnings per share for the current year.
Balfour Beatty declared that its board has initiated a share buyback plan on Wednesday, March 11th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Insider Transactions at Balfour Beatty
In related news, insider Philip Hoare sold 121,214 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of GBX 799, for a total value of £968,499.86. Also, insider Philip Harrison sold 109,744 shares of Balfour Beatty stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of GBX 799, for a total value of £876,854.56. Insiders own 1.09% of the company’s stock.
Balfour Beatty Company Profile
Balfour Beatty is a leading international infrastructure group. With 26,000 employees across the UK, US and Hong Kong, we’re leading the transformation of our industry to meet the challenges of the future.
Trusted by our customers to deliver sustainable solutions and strengthen communities, we finance, develop, build, maintain and operate the increasingly complex and critical infrastructure that supports national economies and deliver projects at the heart of local communities.
Collaborating with governments, our customers and partners, we deliver powerful new solutions, shape thinking, create skylines and inspire a new generation of talent to be the change-makers of tomorrow.
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